Shipping costs to Middle East jump up to 80pct, fertiliser prices surge 45pct

KUALA LUMPUR: Malaysia’s agri-commodity sector is facing a severe cost squeeze on multiple fronts, with shipping costs to the Middle East surging between 50 and 80 per cent and war risk insurance premiums rising to as much as three per cent, Economy Minister Datuk Seri Akmal Nasrullah Mohd Nasir said.

Original source: New Straits Times